# Grid Ant Technologies Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grid-ant-technologies-pvt

- Industry: Software
- Headquarters: Mumbai, India
- Website: www.cubeit.io
- Total disclosed funding: $3M
- Latest round: Seed (Sep 2, 2014)
- Investors on record: 2

## About

Grid Ant Technologies Pvt Ltd, operating through cubeit.io, provides innovative digital solutions aimed at enhancing data management and collaboration for enterprises.Founded in 2012 and headquartered in Mumbai, India, Grid Ant Technologies Pvt Ltd specializes in digital solutions that facilitate efficient data management and collaboration. The company was acquired by Myntra in July 2016, with the financial terms of the deal undisclosed. The firm has successfully completed 2 deals to date. In the latest funding round, Seed, the company raised USD 3.00 mn from investors including Accel and Helion Venture Partners, bringing the total amount raised to USD 3.00 mn. The founder's history is not detailed in the available information.cubeit.io specializes in innovative digital solutions designed to enhance data management and collaboration. Their core offerings revolve around a platform that allows users to efficiently manage, share, and collaborate on various types of content and data. This platform is particularly valuable for businesses looking to streamline operations and improve productivity by centralizing information and enabling seamless communication among team members. The service caters primarily to enterprises across multiple sectors, including technology, finance, and education, with a strong focus on North American and European markets. By addressing the challenges of data silos and inefficient workflows, cubeit.io positions itself as a critical partner for organizations aiming to foster a more agile and collaborative work environment.For the most recent year, 2018, cubeit.io reported a revenue of USD 0.00 mn and an EBITDA of USD -4,707.30 mn. The revenue model is structured primarily around subscription-based plans tailored to meet the varying needs of its client base. Organizations typically engage in annual or monthly subscriptions, granting them access to the platform’s extensive features and functionalities designed for data management and collaboration. Transactions occur directly between cubeit.io and its clients, with pricing tiers reflecting the scale and specific requirements of the organization, including considerations for user accounts and additional storage. Flagship offerings within the subscription plans often include enhanced support services and advanced analytical tools, which further facilitate effective data utilization.Following the acquisition by Myntra in July 2016, Grid Ant Technologies Pvt Ltd is focused on leveraging its resources to expand its digital solutions into new markets. There are plans to launch new products designed to enhance data collaboration capabilities, although specific release dates are not provided. The company aims to extend its reach within North America and Europe, targeting growth in these key regions. The funding raised in the latest Seed round will be utilized to support these expansion initiatives.

## Funding rounds

- Seed, Sep 2, 2014, $3M — Accel, Helion Venture Partners

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed
- Helion Venture Partners (https://capitalatlas.ai/funds/helion-venture-partners) — Seed